Jeff Bezos Says He Will Donate The Majority Of His Fortune To Charity

Jeff Bezos Says He Will Donate The Majority Of His Fortune To Charity

The creator of Amazon, Jeff Bezos, has already drawn a lot of criticism and been charged of accumulating power too rapidly. But lately, he made certain statements that had people praising him.

Bezos, who is worth $124.1 billion, has faced criticism in the past for not endorsing the Giving Pledge, a cause started by Warren Buffet, Bill Gates, and Melinda Gates. The purpose of the pledge is to commit a large portion of their fortune to charitable organizations.

McKenzie Scott, Bezos’ ex-wife, did sign the commitment in 2019, and she has established a significant position in the world of philanthropy by giving billions of dollars to several charities. Bezos and his wife separated in 2019, and he resigned as CEO of Amazon the previous year to devote more attention to charity causes.

Since then, he has promised to contribute $510 billion to charity and $10 billion to combating climate change. He and his fiancée Lauren Sanchez have now promised to provide a $100 million donation to singer Dolly Parton, who has been recognized for her enormous charitable efforts that enabled the Moderna vaccine to be developed, in an interview with CNN.

He also said he was going to give away the bulk of his riches. He said that he is now striving to be able to achieve that. In the interview, Bezos stated, “The hard thing is finding out how to do that in a levered manner.” “It’s not simple. Amazon was not simple to build. It required a great deal of effort and astute colleagues. And I’m discovering—along with Lauren—that charity is extremely similar. It’s not simple. It’s quite challenging.

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Bezons has so far refrained from saying how much money he will give overall or to whom. However, he has promised to give the Bezos Earth Fund 8% of his income over the next ten years.

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